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Posted 2/12/2008 20:18 (#308168)
Subject: Could be 12, no 13 steps to a living HELL

Lapel, In

13. Munincipal defaults when the real estate tax revenue falls below the needs of the muncipalities to meet their debt obligations and there is no viable bonding company to pick up the default tab. Want to buy a city?

http://www.investorsinsight.com/otb_va_print.aspx?EditionID=651

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